Avaada eyes ₹15k-cr green energy investment per year
Financial Express Mumbai|January 10, 2024
AVAADA GROUP, A renewable energy company, is looking to incur capex of 15,000 crore every year to add to its renewable energy capacity.
RAGHAVENDRA KAMATH
Avaada eyes ₹15k-cr green energy investment per year

The company plans to take its capacity to 11 gigawatt (GW) by 2026 and 30GWby 2030. Currently, it has an operational portfolio over 4 GWp (gigawatt peak) and an additional ~5 GWp won in various auctions, said Vineet Mittal, chairman of the group.

"The investment will be strategically funded through a balanced mix of debt, internal accruals, and equity raised last year. Our approach ensures a sustainable financial structure while enabling us to aggressively pursue our capacity addition targets of over 3 GWp per year," Mittal said.

This story is from the January 10, 2024 edition of Financial Express Mumbai.

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This story is from the January 10, 2024 edition of Financial Express Mumbai.

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